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Michael Bloomberg Prepares To Enter The Presidential Race

Former New York City Mayor Michael Bloomberg is preparing to enter the 2020 Democratic primary despite saying earlier this year he would not run for president, according to the NYT. The billionaire environmentalist has been privately weighing a bid for the White House for weeks and has not yet made a final decision on whether to run, an adviser said. But in the first sign that he is seriously moving toward a campaign, Bloomberg has dispatched staffers to Alabama to gather signatures to qualify for the primary there. Though Alabama does not hold an early primary, it has a Friday deadline for candidates to formally enter the race.

AP adds that Bloomberg opens the door to a presidential run because the field of Democratic candidates is “not well positioned” to defeat Trump. It is unclear how further splitting the vote, especially if he ends up getting more of the centrist vote, will not virtually assure a Trump landslide victory in 2020 but we’ll leave that to the DNC to manipulate. For now, however, in what is shaping up as the best trade of the day, a bet on Michael Bloomberg is up 366% on PredictIt on the day.

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